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Filing year 2024

CONVERGENCE MEMPHIS INC

Memphis, Tennessee·EIN 85-4051247·NTEE L80 · Housing & Shelter·501(c)(3)
Total revenue
$18k
Total assets
$357k
Total expenses
$25k
Reported officers
14
Mission

WORKING TOGETHER TO FACILITATE NEW SOLUTIONS THAT BRING RACIAL EQUITY TO HOMEOWNERSHIP.

Reported officers (all unpaid)

No paid executives reported in 2024. CONVERGENCE MEMPHIS INC reported 14 unpaid officers and board members on its 990.

Vice Chair
Director
Director
Executive Di
Director
Director
Board Chair
Director
Treasurer
Director
Director
Secretary
Director
Director
Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at CONVERGENCE MEMPHIS INC equaled 40% of the organization's total expenses. The median for housing & shelter organizations is 7%.

This organization (2023)
40%
Sector median
7%
Middle half of sector
3% to 16%

Based on 7,888 housing & shelter organizations, each measured at its most recent filing year with reported expenses and compensation.

Financial trend

Revenue and expenses over time

CONVERGENCE MEMPHIS INC reported revenue and expenses across 2 filing years.

RevenueExpenses
$434k
$231k
2023
$18k
$25k
2024
Total revenue and total expenses from IRS Form 990 filings.
Sector benchmark

What Housing & Shelter executives earn in Tennessee

CONVERGENCE MEMPHIS INC reported no executive compensation in its latest filing. For context, the highest-paid executive at a comparable housing & shelter organization in Tennessee earns a median of $62,310.

25th percentile
$33k
Median
$62,310
75th percentile
$103k
90th percentile
$175k

These are housing & shelter sector-wide figures, not this organization's reported pay. Based on 132 organizations across 132 filings (2021 – 2024).

See full Housing & Shelter pay data for Tennessee

Similar Organizations

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Similar sector (L)Same state (Tennessee)Comparable compensation levels
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FAQ

Common questions about CONVERGENCE MEMPHIS INC

What are CONVERGENCE MEMPHIS INC's revenue and expenses?

In 2024, CONVERGENCE MEMPHIS INC reported $18k in total revenue and $25k in total expenses on its IRS Form 990.

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